Purpose: Looking for someone to create an EA using the Extreme TMA System. Price range ($50-$250). Must be able to comply with all request stated below.
The System: Extreme TMA.
MTF TMA: Included in the template are 7 TMA indicators. The M1 TMA (Aqua), M5 (Gold) and M15 (White) are used for scalping. The H1 (DarkOrange), H4 (Magenta), the D1 (Aqua), the W1 (Green) and MN (Sienna) are used for normal trading. Higher TF TMAs are only visible in lower TF charts. For Example: If you set the chart to H4, you will only see the H4, D1, W1 and MN TMAs. You can change the time frames in which the different TMAs are visible in the Visibility tab of each FastLineTMA indicator.
All indicators are available on Forex Factory on the trading systems platform (Extreme TMA System).
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The principles are not complicated. The main indicator, the TMA shows us the average of the path that the price action in the market is following. As such, it is a backward looking indicator and attempts to determine the future from the recent history. It corrects itself by repainting itself. It has two outer bands that show us the outer boundaries of price movement that we are searching for. Our second indicator, the ExtremeTMA info panel shows the TMA slope angles of all time frames. It determines in which direction a trade must be placed.
Entry Rules (For M15 Trading):
1- Determine the M15, H1 and H4 TMA slopes by using the TMA Info Panel indicator values:
Ranging TMA (Slope between -0.30 to 0.30): Trades can be placed in both directions.
Buy Only TMA (Slope higher than 0.30): Place ONLY BUY trades.
Sell Only TMA (Slope lower than -0.30): Place ONLY SELL trades.
M15, H1, H4 slope values must be either Ranging or higher for Buys or Ranging or lower for Sells.
2- Wait for price to climb above the top band of the M15 TMA, before placing a SELL trade or below the bottom band of the M15 TMA, before placing a Buy trade.
3- The Trigger: After rules 1 and 2 are complied with, then Buy when price breaks the High of the previous M15 candle or Sell when price breaks the Low of the previous M15 candle.
Safest Exit: Close the trade when price reaches the M15 TMA center line.
Standard Exit: Close the trade when price reaches the opposite M15 TMA band or set a tight trailing stop (5 pips) until stopped out.
Features should include:
adjustable lot size, TP, SL, Trailing stop, Trailing buy option.
Market trading hours based off GMT
Include source code for EA and any indicators for this EA
Must be robust which handles orders, ecn, etc.
(If Possible) Trailing Buy/Sell- EA will place a pending buy/sell and should trail the candle at specified pip range and only buy or sell once the candle trend reverses from the top or bottom of the M15 band.
Buys or sell must not be entered unless TMA indicator values are reached (If you would like to use RSI levels as a additional confirmation to buy or sell at a certain level that would be ok.)
This strategy should be able to be used on all time frames and must place a trade based on the entry rules of the active chart.